Trading Daily Crypto for a few months. Some simpleminded thoughts about crypto trading.

in #cryptocurrency7 years ago (edited)

Started trading daily a few months ago, and almost every day seeing something I haven't yet seen before. And It's really cool experience:

Impossible yesterday price just looks normal next day. Combinations of news it's like watching black swan effect happening every week.

1 You see a new surprise event.
2 The event has a substantial impact on price.
3 After you first recorded the event, you rationalize, and you could swear that you should anticipate and expect the results. You really had all the right data, but you didn't have the first time experience yet.

Everybody talking about A scenario and B scenario, somebody mention C scenario as a pure joke and BOOM scenario C will happen.

You better learn some patience, and you better learn to act quickly. ( I swear both bits of advice are valid )

Try to isolate your self from all the FUD.

70% price fluctuation during short hourly rate pump/dump meh... standard.

Recognize pump and dump schemes and ride the roller coaster. Just don't try to win with bots accept that you make a bit less than them.

It sucks to be on the opposite side of the Globe to China. Most interesting actions are happening while you sleep.

I LOVE CRYPTO!!!

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